When it comes to cash flow planning (that sounds way more pleasant than "budgeting"), there are a few areas that cause a lot of us to stumble. These are the variable expenses. They might include:
If you're nodding your head right now, you're not alone. What's your area of weakness? Take a moment and be honest with yourself (it's okay, no one else is listening). What category in your budget tends to suck your bank account dry?
If you are already using an envelope system, pump your fist in the air in celebration! If you're not, then you might want to try it.
Cash envelopes are the best way to go because it's nearly impossible to overspend with cash. But if you really don't want to use cash, try downloading a digital envelope app on your phone and start tracking your spending there.
Cash flow planning is one thing; sticking to it is a whooooole new ball game! However, once you start tracking your spending, you'll be amazed at how much money you'll save!
I specialize in helping people create and follow a rock solid budget. Click here to book a free coaching session with me.